Labour productivity can be explained by:
A)technological change and the quantity of capital per hour.
B)diminishing returns and the quantity of labour per hour.
C)diminishing returns and the quantity of capital per hour.
D)technological change and the quantity of labour per hour.

Question

Quizplus · Accepted Answer

Labour productivity is primarily influenced by technological advancements, which can improve the efficiency of production processes, and the amount of capital available per hour worked, which determines how well-equipped workers are to perform their tasks.

Labour Productivity Can Be Explained By